Articles from HSBC Bank USA, N.A.

HSBC U.S. Head of International Wealth, Premier and Global Private Banking Racquel Oden today announced that Eric Ingber has been named U.S. Head of Ultra High Net Worth, leading efforts to support high-performing teams across sales, investment management, and compliance.

HSBC’s Global Entrepreneurial Wealth Report 2024 reveals that an impressive 94% of U.S. HNW and UHNW entrepreneurs are optimistic about future business prospects, and 88% believe their wealth will grow in the next 12 months, even as markets face uncertainties.

HSBC Bank USA, N.A., and its affiliates announced today that they have reduced their prime and reference rate from 8.00% to 7.75%, effective tomorrow.

HSBC Bank USA, N.A., and its affiliates announced today that they have reduced their prime and reference rate from 8.50% to 8.00%, effective tomorrow.

In its Q4 2024 investment outlook, An Optimist’s Guide to a Shifting Landscape, HSBC Global Private Banking indicates that while the U.S. economy is slowing, an imminent recession is not anticipated to be on the horizon. Investors continue to look for buying opportunities, supported by the prospect of rate cuts, potential corporate earnings improvement, nearshoring/re-industrialization and innovation boosting productivity and valuation opportunities.

The downturn in the venture healthcare market has extended into 2024, yet many healthcare companies still secured new investment rounds at robust step-up valuations, with potential M&A and IPO opportunities, according to HSBC’s Venture Healthcare Report: Shake It Off? Conversely, companies with dwindling insider round cash will need to find new lead investors or consider consolidation and/or shutdown.

With global supply chains becoming more complex and geopolitical uncertainty increasingly impacting global trade, thus changing the nature of trade flows, supply chain finance can be an important tool to help eliminate those risks, according to “Building Resilient Supply Chains Amid an Uncertain Geopolitical Landscape,” a new HSBC report published in collaboration with Procurement Leaders, a World50 Group Community.

HSBC USA announced today that Racquel Oden has been appointed Head of Wealth and Personal Banking. In this role, she will oversee the bank’s wealth management, global private banking and retail businesses in the US. She will join the bank in December.

HSBC Bank USA, N.A., and its affiliates announced today that they have raised their prime and reference rate to 8.50% from 8.25%, effective tomorrow.

HSBC Bank USA, N.A., and its affiliates announced today that they have raised their prime and reference rate to 8.00% from 7.75%, effective tomorrow.

HSBC Bank USA, N.A., and its affiliates announced today that they have raised their prime and reference rate to 7.75% from 7.50%, effective tomorrow.

HSBC Bank USA, N.A., and its affiliates announced today that they have raised their prime and reference rate to 7.00% from 6.25%, effective tomorrow.

HSBC Bank USA, N.A., and its affiliates announced today that they have raised their prime and reference rate to 6.25% from 5.50%, effective tomorrow.

HSBC Bank USA, N.A., and its affiliates announced today that they have raised their prime and reference rate to 5.50% from 4.75%, effective tomorrow.

HSBC Bank USA, N.A., and its affiliates announced today that they have raised their prime and reference rate to 4.75% from 4.00%, effective tomorrow.

HSBC Bank USA, N.A., and its affiliates announced today that they have raised their prime and reference rate to 3.50% from 3.25%, effective tomorrow.

HSBC Bank USA, N.A., (HSBC), announced new offerings today for current and new Business Banking customers who buy from or sell to international companies. With HSBC Global Wallet, small and medium sized businesses can now receive, pay, hold and transfer funds between currencies in the same FDIC-insured, US based business account. HSBC Global Wallet is distinguished as the first multi-currency digital wallet accessed from a major US bank’s main business banking platform with local payment and collections capabilities.

HSBC Bank USA, N.A., (HSBC), part of HSBC Group, today announced that the Bank and Microsoft Corp. will provide grants and resources to support Feeding America®, the nation’s largest domestic hunger-relief organization.

HSBC Bank USA, N.A., (HSBC), part of the HSBC Group, today announced that it is offering Sustainability-Linked Loans (SLL) that will enable U.S businesses to tie their borrowing to activities that support a more sustainable, resilient and prosperous world.

HSBC Bank USA, N.A., (HSBC) and the Midwest Row Crop Collaborative (MRCC) announced that HSBC has made a $1.6 million grant to MRCC to accelerate conservation and the adoption of regenerative practices such as cover crops, nutrient management, reduced tillage, and prairie strips on large-scale farms in MRCC’s collaborative projects.